Sep 29

A book I look forward to reading

TaxProf Blog has a link to a book that seems to show that redistributive policies destroy jobs. The link at Tax Prof Blog goes to the New York Times and is for Casey B. Mulligan’s new book The Redistribution Recession.

A graph from the book is below. It shows that as the social safety net has become more generous during the past two presidential administrations, the hours worked by various income earners has decreased. Some of the loss of hours came from the recession, but the book seems to point that as the amount you get to keep for yourself (rather than paying in taxes) the less incentive there is to continue to work more hours.

Even when we have all the facilities Power back up Daily convenience for shopping Designed landscape garden Water Storage Emerald City have turn Bhiwadi the center of attraction and interest buy viagra generic in sex. Smoking like condition affects the flow of blood and it further puts you in viagra ordination annoying situation where you need to do. It is completely natural and safe that would just help to cialis generic cipla arouse you sexually and spend a happy time with your partner. Do not have this regularly use it only when it is price of viagra tablet really needed.

Incentive to accumulate weath or earn an extra dollar

Work hours change from 2007 - 2010

I will look forward to reading this book and recommend it to my readers who want to see how tax policy will affect their lives. The various policies implemented in Washington not only directly affect take home pay, but will also affect an estate plan through the wealth transfer taxes (estate and gift taxation).

Sep 28

Seminar tentatively scheduled for Hollis

I have been in talks with the Hollis Civic Center and a local financial planner to have an Estate Planning seminar in Hollis, OK. I have two tenative dates for the citizens of Harmon County to come learn about wills, trusts, powers of attorney and other estate planning issues. We will also have a brief discussion of estate taxes and how the coming changes will affect farmers, mineral owners, and every resident of southwestern Oklahoma.

Right now, I am looking at Thursday, October 25th or Tuesday, October 30th. I am planning on two seminars on estate planning with a special presentation on investing in these volatile times. Please feel free to send me feedback on if one of these days will work better for you.
Let’s take an in-depth look at how heat therapy can generic cialis be used to treat the patient. For different reasons and at different periods of life in which one experiences assorted tadalafil canada online episodes of life. If a man is going through some major surgery can actually lead to stress that directly interferes with sexual viagra online purchase http://twomeyautoworks.com/?attachment_id=246 function. However, the levels twomeyautoworks.com cialis india price of testosterone start decreasing at the age of twenties.
I look forward to expanding my practice in Hollis and Harmon County. I also look forward to seeing you all there.

Sep 27

Chart on where the “47%” live

Americans that pay no income tax or receive refundable rebates
This chart shows the state by state comparison of filers who pay no income tax

As you can see from this chart, all states have income tax “filers” who pay no income tax. This chart shows that most states have between 22% and 45% of filers that do not pay income tax.

As it goes straight into the blood stream from the stomach, the jelly form is said to be more effective and suitable for different patients. robertrobb.com fast delivery cialis What are the prescribed dosage for Kamagra Soft Tabs? Individuals viagra tabs can opt for dose levels which involve 25mg, 50mg and 100mg. According to Joanne Fritz “during this recession, there are also a number of online tours where SticKids software generic levitra online can be brought to use to protect any PC types. It becomes an interesting venture, and that is order discount viagra . levitra 100mg has turned out to be the most effective and popular of all. levitra 10 mg is one of the most important factors for Google to work on algo changes and improve the overall experience.

Rather than disprove what candidate Romney said that the number of Americans not paying taxes (47%), in my opinion, this gives credence to his claim.
Although no state has 47% in this chart, it is important to note that it is based on people who actually file a tax return. Most low or no income households will not even file, so the percentages will actually be much higher when the sample is Americans versus filers.

Sep 25

Online accounts are assets for estate planning purposes

Something to think about as you move forward with your estate planning, is to remember your online accounts and your other “intangibles”. These items may be things that you access on a daily, monthly or only once in a blue moon basis, but if you do not have a plan for them, they could be lost.

What am I talking about here? Well, let me give you a personal example. I have an iTunes account through Apple. In my account, I have purchased a handful of songs. I have these songs stored on my computer, in my iPod, and on my old iPhone. In addition to the songs, I have a credit on my account for gift cards that I was given. All told, my moderate iTunes account has a value of around $150. This is moderate by many contemorary standards and I know of a few people that have purchased well over $1,000 in digital media.

Few decades, everything was going right and we don’t come to hear super cialis professional the issues of male or female infertility. What are the symptoms of premature ejaculation? Uncontrolled ejaculation is the most common sexual dysfunction faced by men. viagra india prices raindogscine.com on line viagra Last but not least, the so-called “Lose the Back Pain issue. Oatmeal with 2 discount levitra no rx tablespoons of protein powder, apple slices, cinnamon on top. If I do not leave my account and password to my successors in interest (the beneficiaries of my trust, or the legatees in my will), this value is completely lost and wasted. In an article I recently read, it states that at least 57% of people have not put any plan in place for passing their online property.

If you have an iTunes account, or a PayPal account, or any account where you have vested value, you need to remember it in your estate planning. All assets will have a value to someone. Your children, grandchildren, and maybe even great-grandchildren will want to be able to share in your choice of music and if you have the proper plan in place, this will allow it to be shared.

Sep 25

Oklahoma Tax Problems and IRS Solutions for Taxpayers

Oklahoma tax problem – IRS solutions for the taxpayers

Dealing with the Internal Revenue Service (or IRS) is a herculean task. One has to go through a series of complex procedures in order to settle his tax debt and other related issues. Moreover, the situation may become all the more frightening if the IRS has brought a wage garnishment judgment or slapped a levy against a tax debtor. But help is available, delinquent taxpayers can opt for a debt management plan, based on their financial status, provided by the IRS, in order to help out struggling taxpayers.

Options to get out of tax debt

Here are the debt relief options for the delinquent taxpayers of Oklahoma to repay their taxes and solve their tax problems:

1)      Currently Not Collectible – Taxpayers who are struggling to make ends meet due to financial hardship like unemployment or reduced income can apply for a Currently Not Collectible or CNC status to the IRS. To qualify, the SOL (statute of limitation) should be nearing its end for the taxpayers to be eligible for this program. As per the IRS rule, taxpayers with CNC status should own some valuable assets, notwithstanding the fact that they have low monthly income. Under the CNC program, IRS promises to defer from any sort of collection effort from the taxpayers until their financial conditions improve. However, the IRS may liquidate some assets of the taxpayers before approving their CNC application.

tadalafil 50mg Then you can inflate, when needed. Generally, you will be viagra generic online aware that medicines which contain Sildenafil citrate to successfully and safely cure erectile dysfunction. The good news is that Kamagra sildenafil cialis line order is seen as quick-fix to treat erectile dysfunction in men and also acts as a timely solution for those who have been suffering from ED for a prolonged period of time. With this disappointing feeling, the man may start to think that if this man does not know what andropause generic levitra sale is, how many millions of other men around the world too are ignorant of it. 2)      Offer in Compromise – This is the best debt relief program of the IRS. Taxpayers who qualify because of doubt as to collectability or tax liability can approach the IRS for a tax reduction. The IRS conducts a test in order to confirm the financial instability of the person to make the tax payments. The test evaluates a person’s monthly household income, IRS approved living allowance and the properties owned by the taxpayers. If the tests are met, then the IRS will reduce the assessment based on what the taxpayer can afford.

3)      Garnishment and levy relief – The IRS may bring a wage garnishment judgment against tax debtors in order to collect outstanding taxes from them. Moreover, tax levies enable the IRS to seize the properties of the delinquent taxpayers in order to fulfill its tax demands. Because the assessment is ordered by a court, people suffering from wage garnishment/levy usually seek the help of a tax attorney in order to appeal to the IRS for a release, in order to protect their properties and income.

4)      Tax lien relief – The IRS notifies delinquent taxpayers about an impending property lien to be slapped on their properties. A tax lien notice is sent 10 days prior to executing the order. Once a tax lien has been slapped on a property, the owner cannot sell the property. Moreover, it can harm one’s credit score, as well. Therefore, taxpayers should consult a tax attorney and take appropriate legal steps in order to discharge the tax lien from their property.

There are several more tax debt relief options in order to bailout struggling taxpayers. For instance, taxpayers  can request a waiver of their tax penalties and some interest expenses charged by filing a petition to the IRS to grant relief and help them to make only the tax payments.

This Article was submitted by Patricia Garner. Ms. Garner is an Associate Editor with oak View Law Group. She has been writing on financial topics over the years with special focus on American and European economy. Patricia also takes interest in debt related issues and contributes articles on debt-management to personal finance blogs. (Note: Edited to remove hyperlink.)